SKYEBANK, WEMABANK and FIDELITYBK Dropped by Over 4% After Today’s Trading

Monday, February
05, 2018/ 05:10 PM / Proshare ResearchAs general
market sentiments closed in the negative, the NSE Banking which measures the
performance of key banking stocks, however, closed otherwise with +0.27% gain recorded at the end of today’s trading
session.SKYEBANK and WEMABANK topped the
list of losers of banking stocks with -5.59% and -4.67% loss
recorded respectively.FBNH made the list with
-1.81% loss recorded while UNITYBNK and STERLNBANK topped
the list of gainers with +4.82% and +3.52% gains respectively.

Table 1:
Banking Stocks Today’s Price Review

Banking Stocks

S/N

Banks

02-Feb-18

05-Feb-18

% Change

1

UNITYBNK

1.66

1.74

4.82%

2

STERLNBANK

2.27

2.35

3.52%

3

ZENITHBANK

31.95

32.65

2.19%

4

UBN

8.45

8.55

1.18%

5

GUARANTY

49

49.3

0.61%

6

ETI

19.55

19.55

0.00%

7

STANBIC

46

46

0.00%

8

ACCESS

12.8

12.75

-0.39%

9

FBNH

13.85

13.6

-1.81%

10

FCMB

3.04

2.97

-2.30%

11

DIAMONDBNK

3.25

3.17

-2.46%

12

UBA

12.75

12.35

-3.14%

13

FIDELITYBK

3.7

3.53

-4.59%

14

WEMABANK

1.5

1.43

-4.67%

15

SKYEBANK

1.43

1.35

-5.59%

Source: TheAnalyst, NSE

A Similar review of the share prices of all
banking stocks so far in 2018 revealed that they are all trading in the green
zone.

UNITYBNK and WEMABANK topped the
chart with +228.30% and +175.00% growth respectively while STANBIC and UBN recorded the least growth
with +10.84% and +9.62%
gains.Table
2: Banking Stocks YTD Price Review

Banking Stocks

S/N

Banks

29-Dec-17

05-Feb-18

% Change

1

UNITYBNK

0.53

1.74

228.30%

2

WEMABANK

0.52

1.43

175.00%

3

SKYEBANK

0.5

1.35

170.00%

4

STERLNBANK

1.08

2.35

117.59%

5

DIAMONDBNK

1.5

3.17

111.33%

6

FCMB

1.48

2.97

100.68%

7

FBNH

8.8

13.6

54.55%

8

FIDELITYBK

2.46

3.53

43.50%

9

ZENITHBANK

25.64

32.65

27.34%

10

ACCESS

10.45

12.75

22.01%

11

GUARANTY

40.75

49.3

20.98%

12

UBA

10.3

12.35

19.90%

13

ETI

17

19.55

15.00%

14

STANBIC

41.5

46

10.84%

15

UBN

7.8

8.55

9.62%

Source: TheAnalyst, NSE

Also, a review of the share prices of all banking
stocks in the last one year revealed that they are all trading in the green
zone.

FIDELITYBK and FBNH topped the chart
with +296.63% and +288.57%
growth respectively while ACCESS and UBN recorded the least
growth with +87.50% and +71.00% gains in that order.Table
3: Banking Stocks One Year Price Review